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IGL:NSEIndraprastha Gas Limited Analysis

Data as of 2026-06-10 - not real-time

₹162.50

Latest Price

5/10Risk

Risk Level: Medium

Executive Summary

Technical snapshot: The stock trades at ₹162.5, just below its 20‑day SMA of ₹159.84 but well under the 200‑day SMA of ₹184.45, indicating a longer‑term downtrend. RSI sits around 51.5 (neutral) while MACD is bullish with a histogram of 0.38. Support is near ₹149.61 and resistance around ₹169.90, with volume trending downwards.
Fundamental backdrop: Revenue grew 5.4% YoY to Rs 161.68 bn, yet Q4 profit fell 21% due to higher gas procurement costs and rising expenses. The company maintains a solid balance sheet (cash ₹43.1 bn, debt ₹0.98 bn, debt‑to‑equity 0.85) and pays a 2.9% dividend with a 43% payout ratio. Valuation is mixed: PE of 14.7 is below the industry average of 20.2, but a DCF fair value of ₹68.3 suggests the market may be overpricing the stock, while analyst targets imply ~20% upside. Recent news highlights a CNG price hike and margin pressure, adding short‑term headwinds despite a bullish long‑term demand outlook for city gas.

Market Outlook

Short Term

< 1 year
Cautious
Model confidence: 7/10

Key Factors

  • Bearish technical positioning near resistance with decreasing volume
  • Quarterly profit decline and margin squeeze from higher gas costs
  • Recent CNG price hike likely to pressure demand temporarily

Medium Term

1–3 years
Positive
Model confidence: 8/10

Key Factors

  • Analyst target price suggests ~20% upside
  • Strong cash generation and sustainable dividend yield
  • Revenue growth and expanding gas volumes supporting earnings recovery

Long Term

> 3 years
Positive
Model confidence: 7/10

Key Factors

  • Strategic position in regulated city‑gas market with long‑term demand tailwinds
  • Low beta and stable cash flows underpinning dividend sustainability
  • Reasonable leverage and solid balance sheet provide resilience

Key Metrics & Analysis

Financial Health

Revenue Growth5.40%
Profit Margin9.59%
P/E Ratio14.7
ROE13.93%
ROA5.08%
Debt/Equity0.85
P/B Ratio2.0
Op. Cash Flow₹19.4B
Free Cash Flow₹3.3B
Industry P/E20.2

Technical Analysis

TrendBearish
RSI51.6
Support₹149.61
Resistance₹169.90
MA 20₹159.84
MA 50₹160.73
MA 200₹184.45
MACDBullish
VolumeDecreasing
Fear & Greed Index85.95

Valuation

Fair Value₹68.33
Target Price₹194.90
Upside/Downside19.94%
GradeOvervalued
TypeBlend
Dividend Yield2.90%

Risk Assessment

Beta0.32
Volatility29.42%
Sector RiskLow
Reg. RiskMedium
Geo RiskMedium
Currency RiskLow
Liquidity RiskMedium

This analysis may contain inaccuracies and is provided for informational and research purposes only. It is not personal investment advice, a recommendation, or an instruction to buy, sell, or hold any asset.